ENAKF - E.ON SE: The Company Has Upside But Not Interesting Enough
2024-07-17 08:15:11 ET
Summary
- E.ON has released updates and results since November, showing solid performance but not outperformance.
- Enel remains the largest utility investment, with a focus on European markets for stability and income.
- Diversifying portfolios with utility companies like ENAKF can provide stability during market volatility due to their regulated nature.
Dear readers/followers,
It's been a number of months - almost since November of last year - since I updated on E.ON ( ENAKF ) (EONGY). The company has released a number of updates and results since my last article, and while we haven't seen outperformance from the company by any means, we've seen solid results in a way that means I might be at the very least interested in looking closer.
However, keep in mind that because in my last article, I considered the company fully valued, I am unlikely to present the company with an attractive valuation target here in relation to where it trades right now. Enel (ENLAY) is currently my, by far, the largest utility investment out there - and this has not changed since my last article....
E.ON SE: The Company Has Upside, But Not Interesting Enough